Abstract

The commercial mortgage-backed securities (CMBS) market experienced a massive downturn in conjunction with the U.S. financial collapse of 2007 & 2008. This research will examine the presence of asymmetric information, diminishing due diligence on behalf of the originator, and the eventual subordination of quality of CMBS. The principal-agent model will be implemented to examine the originator (agent) and investor (principal) relationship through various contractual incentives, penalties, and triggers within the CMBS market.

Advisor

Moledina, Amyaz

Department

Business Economics

Disciplines

Economics

Publication Date

2013

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis

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© Copyright 2013 Samuel Susanin